Bitcoin price falls below $30,000

For the first time in 10 months, the value of Bitcoin stood at $29,731 per unit

The price of Bitcoin has dropped recently below $30,000 for the first time in 10 months, as recorded by media.

The data presented by the different exchanges showed that the cryptocurrency reached $29,731, the last time it reached a similar figure was in July 2021.

UST suffered a sell-off attack this week that culminated in Terra using its massive 750 million BTC reserves to prop up its peg to the dollar.

Adding to this, Binance’s BTC/UST pair began to exhibit erratic behavior, reaching a high above $42,000 as other dollar bitcoin markets struggled to preserve the $30,000 mark.

K. Tovar

Source: Cointelegraph

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